Mongolia (MNG) and Lesotho (LSO) Trade | The Observatory of Economic Complexity

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In N/A, Mongolia did not export any services to Lesotho.

Lesotho-Mongolia Trade: In N/A, Lesotho exported $376 to Mongolia. The main products that Lesotho exported to Mongolia were Low-voltage Protection Equipment ($263) and Engine Parts ($113). Over the past N/A years the exports of Lesotho to Mongolia have increased at an annualized rate of 8.33%, from $156 in N/A to $376 in N/A.

In N/A, Lesotho did not export any services to Mongolia.

Comparison In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Mongolia does not register exports to Lesotho.

In 2017, Lesotho exported $376 to Mongolia. The main products exported from Lesotho to Mongolia were Low-voltage Protection Equipment ($263) and Engine Parts ($113). During the last 5 years the exports of Lesotho to Mongolia have increased at an annualized rate of 8.33%, from $156 in 2022 to $376 in 2017.

Exports from Mongolia () to Lesotho () (2022)

Exports from Lesotho () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Lesotho
Top DestinationSouth Africa$434M

This map shows whether countries import more from Mongolia or Lesotho. Each country is colored based on the difference in imports they receive from Mongolia and Lesotho or the difference in the growth in imports.

In 2022, countries that imported more from Mongolia than Lesotho included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Lesotho than Mongolia included South Africa ($434M), United States ($327M), and Belgium ($219M).

Difference in imports from Lesotho () and Mongolia () (2022)

Comparative Advantage Mongolia - Lesotho

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Mongolia and Lesotho by product, considering products traded by both, Mongolia and Lesotho.

During 2017, Lesotho had a large net trade with Mongolia in the exports of Machines ($376).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Lesotho+$1.43kCoal Briquettes

Top Product Potential Lesotho Mongolia+$2.44kLow-voltage Protection Equipment

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Mongolia and Lesotho. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Lesotho. Similarly, a dot/product with the flag of Lesotho indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Lesotho () (2022)

Exports from Lesotho () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Lesotho () and Mongolia () (2022)

Comparative Advantage Mongolia - Lesotho

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Lesotho () (2022)

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